'We have collected Rs 83,702 crore in deposits in five days.'
HFCs and banks expect a drop in demand for housing loans in the short-term.
Work in mandis across UP and in northern India which till Tuesday, witnessed heavy arrivals of newly harvested paddy, saw a steep decline.
As a step to protect its interest as a lender, SBI will look at the financial stability and corporate governance practices in companies where it has exposure.
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
Lower inflation, FCNR(B) outflows likely to influence central bank decision
With over Rs 15,000 crore in deposits, its strategy is a hit for now, but the real test will come when it starts lending to retail and corporate customers in a big way
All shares held by SBI in the five associate banks will stand cancelled after merger.
These banks need to build a significant deposit base to start full-fledged banking.
'I want to leave behind the bank stronger and better than when I took over.'
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
This shortfall could continue to hurt loan growth in 2016-17.
Under this service, SBI will give services in person or through remote mode.
The state is now under pressure to revise the salaries of its 800,000 employees, which would add to the strain of an already debt-laden state exchequer.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
Employee integration and branch rationalisation are major challenges.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
New SDR norms allow promoters to manage debt-laden firms.
The two states account for 24% of total accounts opened under financial inclusion scheme.
'West Bengal is an industry-friendly state.'
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